Over the years, the Printing Industry has been rapidly growing in all parts of the Globe and so is in India. The Printing Industry in India with its allied industries like Printing Machinery Manufacturers, Packaging industries, Paper manufacturing, Ink manufacturing and manufacturers of raw materials and consumables put together ranks second in the world in growth and supplies.
The Printing Industry is one of the biggest and fastest growing sectors in India and is estimated that more than 2, 50,000 printing presses of small, medium and large sizes exist in India, with a capital investment of over $ 2 billion. According to some other survey reports, these put the figures as 1,50,000 and 1,37,280. It is quite possible that many in-house small printing presses may not have been registered with the Registrar of Shops and Establishments and, therefore, remained un-accounted. In India about 75% printing presses are family owned.
The Indian Printing Industry revenue growth rate has consistently outpaced national GDP growth. As per one of the Economic Survey reports, the Print Industry’s growth rate was between 12 to 13% per annum in the year 2011. It is generally projected in all surveys that the overall growth in Printing Industry since 1990 has been to the extent of 12 to 14% per annum including allied industries. As per one of the Economic survey reports, the current annual turnover in Printing Industry has been to the tune of 50,000 crores in Indian rupees. As per another report available, the Capital Investment in this industry is over 83,000 Million rupees and a third report mentions the figure as 80,000 Million rupees (ITPO). The collective growth of Indian printing and packaging industries has a compound growth rate of over 13%.
The Indian printing industry may reach 374 Billion in Indian rupees by the end of 2018. The graph for the years 2010-2018, is as under:
Value of Print Industry in India 2010-2018 (in Indian Billion Rupees):
2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
160 | 172 | 175,2 | 192.9 | 208.8 | 224.1 | 243.1 | 264 | 287 | 313 | 343 | 374 |
As already stated, the Indian print industry has evolved dramatically in the last few years and is rated within top ten countries.
Indian Contribution in the World
Globally, Indian Printing Industry has been rated within top ten countries along with USA, China, Brazil, Mexico etc. It is the 2nd largest of the Asian Markets as far as the printing industry is concerned. Printing Market across the world is looking for more and more exciting print products with faster delivery and this requirement is met by India and perhaps this is the reason for the high growth of Printing Industry in India in recent times.
As far as exports are concerned, the number of printing companies are exporting products to Asia and Europe. Several of these companies are interested in competing for business in North America, but a few succeeded in this effort. More significant for India at present is the export of IT-related pre-press services to the English-speaking world. Several large U.S. Printing and publishing companies have established offshore operations in India and in China. Offshore maintains a healthy lead in India.
EMPLOYMENT:
According to an estimate, the printing industry in India provides direct employment to more than 700,000 people and indirect employment to over another 450,000.
ANNUAL TURNOVER:
As per the figures available till 2012, the annual turnover of all components in the Indian printing industry was s more than 50,000 crores or US$ 11 Billion.